4 ways Trulia’s new mortgage app helps with financing a home

App available for iOS and Android

Trulia, an online residential real estate site for home buyers, sellers, renters and real estate professionals, introduces its new app which is designed to alleviate that pesky “mortgage stress.”

The Trulia Mortgage app will provide homebuyers with knowledge they will need to finance their new home, in an easy-to-use design.

Here are the 4 reasons why Trulia’s mortgage app will help you finance your new home.

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1. Get personalized information

Due to the housing crisis, homeowners are now challenged with additional mortgage requirement, not only does this app help you calculate your personal home affordability by entering information like your annual income and credit score, it also pulls in real time property taxes and interest rates in your area.

2. Save multiple monthly payment calculations

Organization is key, especially when shopping for a new home. Trulia added the ability to save and name several monthly payment calculations. For example, that you can save the monthly payment for a condo in San Francisco, while also saving the monthly payment for an alternative option in Palo Alto. And, you can bounce between the calculations easily to compare the costs of the two whenever you’d like.

3. Contact a lender whenever, wherever

What’s significant about this app is that it’ll help find the right lender for you. After determining your affordability, monthly payment estimations, and selecting the “Get Pre-Approved” button, the app will gather your information and pair you with a local lender from their database.

4. In-Context help

While the mortgage industry can be quite intimidating, especially for first time homebuyers, this app provides an in-context help to assist with alternative options for getting a loan, or inform you of cases where mortgage insurance will be added to your monthly payments. It also provides you a cheat sheet on what various industry terms mean.

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Cynthia Barraza was a reporter for HousingWire. Before joining the company in January 2016, she worked at a talk radio station as a board operator. Barraza is a graduate of the University of Texas at Arlington.

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